Macroeconomics I (ECON 503)

2021 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
10.00
Remzi Kaygusuz rkaygusuz@sabanciuniv.edu,
Click here to view.
English
Doctoral, Master
--
Formal lecture
Interactive
Click here to view.

CONTENT

Traditional and endogenous growth theories real business cycles, overlapping generation models.

OBJECTIVE

In this course, main issues in modern macroeconomic theory will be discussed and modern macroeconomic tools and techniques will be extensively studied. The main topics that will be covered are Deterministic and Stochastic Neoclassical Growth Models, and Real Business Cycle Theory.

LEARNING OUTCOME

On completion of the module, students should be able to
a) set up and solve dynamic macroeconomic problems,
b) develop intuitive economic reasoning to the problems they face,
c) understand and illustrate the differences between competitive market outcomes and socially efficient outcomes.

ASSESSMENT METHODS and CRITERIA

  Percentage (%)
Final 35
Midterm 35
Assignment 30

RECOMENDED or REQUIRED READINGS

Textbook

Nancy L. Stokey and Robert E. Lucas, Jr. with Edward C. Prescott, 1999, Recursive Methods in Economic Dynamics, Harvard University Press.
Lars Ljungqvist and Thomas Sargent, 2000, Recursive Macroeconomic Theory, The MIT Press.